Gentherm Inc ( (THRM) ) has released its Q4 earnings. Here is a breakdown of the information Gentherm Inc presented to its investors.
Gentherm Inc., a leader in thermal management and pneumatic comfort technologies, serves the automotive and medical sectors with innovative product solutions globally. In its latest earnings release, Gentherm reported a significant 61% increase in net income for 2024, achieving a record annual adjusted EBITDA of $183 million, and securing $2.4 billion in new automotive business awards. The company saw a slight decrease in overall product revenues by 0.9% year-over-year, with automotive revenue down by 1.2% and medical segment revenue increasing by 8.1%. Despite challenges such as decreased automotive revenues and increased tax expenses, the company maintained a robust financial position with a net leverage of 0.5x and significant stock repurchases. Looking ahead, Gentherm has set its 2025 guidance with expected product revenues ranging from $1.4 billion to $1.5 billion, while continuing to leverage its innovative capabilities and optimize operations to enhance shareholder value.